Financial Results

Financial Results

Steady expansion in banks' financial position: healthy growth in money supply, thanks to positive nominal GDP outlook: Beltone

January 10, 2020

Beltone Financial Investment Bank said in its 2020 yearbook that, despite the weak growth in banks' financial position during 8M19,…

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Comment & Analysis

Saudi economy to grow 1.9% in 2020 – World Bank

January 10, 2020

The gross domestic product (GDP) of Saudi Arabia is forecasted to achieve a growth rate of 1.9% during 2020, compared…

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Financial Results

World Bank Slashes MENA Growth Forecast Due to Geopolitical Tensions

January 9, 2020

The World Bank, on Wednesday, slashed the growth forecast for the UAE, GCC, and Middle East and North Africa (Mena)…

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Awards and Recognition

Moody's affirms Boubyan Bank’s ratings, outlook

January 7, 2020

Moody's Investors Service has maintained Boubyan Bank’s baseline credit assessment at ‘ba1’ and its outlook as ‘Stable’.   Meanwhile, the…

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Financial Results

5 ETFs to Profit From Rise in Middle East Tension

January 7, 2020

Geopolitical tensions flared up once again with the escalation in the Middle East conflict that drove demand for safe haven…

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Financial Results

81% of Azizi Developments' inventory is pre-sold

January 7, 2020

Azizi Developments, had sold a whopping 81 per cent of its inventory across its 54 ongoing projects in Dubai, as…

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Financial Results

Investors return strongly as Dubai property transactions hit 11-year high

January 7, 2020

Investors and buyers cashed in on lower property prices in Dubai as the number of transactions jumped 20 per cent…

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Financial Results

Credit granted to Islamic banking entities reach OMR3.9 billion

January 6, 2020

Islamic banking entities provided financing to the extent of OMR3.9 billion at the end of October 2019 as compared to…

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Financial Results

CBO total foreign assets rose 2.9% by October-end 2019

January 6, 2020

Total foreign assets of the Central Bank of Oman rose by 2.9 per cent, reaching OMR6.26 billion compared to the…

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Financial Results

Qatar, Australia trade reaches new heights

January 3, 2020

Australia’s annual bilateral goods and services trade with Qatar has reached a new all-time high of QR5.8bn, according to the…

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Financial Results

Saudi banks increase investments in government bonds

January 3, 2020

Banks operating in Saudi Arabia increased its investments in government-issued bonds during November by 25.2% on an annual basis, equivalent…

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Comment & Analysis

Top 5 VC deals in the fourth quarter of 2019

January 2, 2020

The fourth quarter 2019 top five venture capital deals that were disclosed amounted to $78.7 million, with UAE-based Trukker accounting…

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